SF August Real Estate Market Report

San Francisco HOUSE Price Trends since 1990 Monthly Median House Sales Prices, 3-Month Rolling

The 3-month-rolling median house sales price in July 2025 was up a little more than 5% year-over-year.

2022

$2,000,000

Median sales price is that price at which half the sales occurred for more and half for less. It is a very general statistic, disguising an enormous range of sales prices in the underlying sales. It is often affected by other factors besides changes in fair market value. Monthly and seasonal fluctuations are common, which explain many of the regular ups and downs in this chart. More often than not, median sales prices peak for the year in spring.

2025

$1,800,000

2024

2018

2023

$1,600,000

$1,400,000

Pandemic hits ▲

Interest rates soar ▲

$1,200,000

2007

$1,000,000

High-tech/IPO boom

$800,000

$600,000

Great recession

$400,000

Appreciation is typically measured year over year to account for market seasonality.

$200,000

Updated through July 2025

$-

3-month rolling average of monthly median sales prices for “existing” houses, per CA Association of Realtors or 3-month rolling median per NorCal MLS Alliance. Analysis may contain errors and subject to revision. All numbers approximate, and may change with late-reported sales.

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